September 1, 2024
Jonathan Regalado
Achieve Transformation through Open Retail and Transaction Data
Open Retail is an emerging concept inspired by Open Banking, where data sharing between retail entities and third-party service providers is facilitated through secure APIs (Application Programming Interfaces). The idea is to create an interconnected ecosystem where retailers, suppliers, and third-party providers can share data such as transaction histories, customer preferences, inventory details, and more to enhance customer experiences and drive business growth.
